The earnings call highlighted strong operational performance, successful integration of Uinta Basin assets, and significant financial achievements, including debt reduction and increased production guidance. However, there were concerns about commodity price volatility, increased capital expenditures, and transportation costs. Despite these challenges, the company's strategic initiatives and hedging strategies position them well to navigate potential industry challenges.

Company Guidance -

Q3 2025

During SM Energy's second-quarter 2025 earnings call, the company reported standout performance with record production volumes of 209,000 barrels of oil equivalent per day, surpassing the midpoint of guidance by 5%. The Uinta Basin was highlighted as a significant contributor, driving financial beats in adjusted net income, adjusted EBITDAX, and adjusted free cash flow. The company managed to pay off its credit facility, building a cash balance exceeding $100 million, aligning with its leverage target of 1x by year-end. Operational efficiencies allowed for accelerated drilling and completions, resulting in higher-than-expected production volumes. The company's strategic focus on optimizing capital allocation across its three core assets—Uinta Basin, Midland Basin, and South Texas—aims to maximize free cash flow and reduce debt, all while maintaining a strong balance sheet with ample liquidity. Despite potential industry challenges such as OPEC+ supply decisions and geopolitical tensions, SM Energy remains well-positioned to navigate lower oil prices due to its hedging program and operational strengths. Capital expenditures for the year are expected to reach approximately $1.375 billion, with third-quarter production projected between 209,000 and 215,000 BOE per day.

Record Production Volumes

Production volumes reached a record of 209,000 barrels of oil equivalent per day, exceeding the midpoint of guidance by 5%, driven by top-tier asset performance and strong execution.

Financial Performance and Debt Reduction

The company paid off its credit facility, built a cash balance of over $100 million, and is progressing towards a 1x leverage target by year-end. Adjusted net income, adjusted EBITDAX, and adjusted free cash flow all exceeded consensus estimates.

Uinta Basin Integration and Optimization

The integration of Uinta Basin assets was completed, entering the optimization phase, and delivering the highest cash production margin among the company's assets.

Technology and Operational Efficiency

Machine learning models improved well designs, resulting in Howard County wells performing over 30% better than peers. Additionally, drilling and completion efficiencies led to faster operations.

Innovative Efforts in Environmental Stewardship

Use of 100% recycled water for fracking and the introduction of the Sand Slinger 3000 to reduce costs and improve safety.

Increase in Oil Production Guidance

Oil production is now expected to increase to 53%-54% of total production, reflecting strong performance from Uinta Basin assets.

SM Energy (SM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.31 / -	1.62	―	―	―
Jun 30, 2025	2025 (Q2)	1.25 / 1.50	1.85	-18.92% (-0.35)	―	―
May 01, 2025	2025 (Q1)	1.62 / 1.76	1.41	24.82% (+0.35)	―
Feb 19, 2025	2024 (Q4)	1.92 / 1.91	1.56	22.44% (+0.35)
Oct 31, 2024	2024 (Q3)	1.48 / 1.62	1.73	-6.36% (-0.11)
Aug 07, 2024	2024 (Q2)	1.52 / 1.85	1.28	44.53% (+0.57)
May 02, 2024	2024 (Q1)	1.28 / 1.41	1.33	6.02% (+0.08)
Feb 21, 2024	2023 (Q4)	1.39 / 1.56	1.29	20.93% (+0.27)	―	―
Nov 02, 2023	2023 (Q3)	1.61 / 1.73	1.82	-4.95% (-0.09)
Aug 02, 2023	2023 (Q2)	1.09 / 1.28	2.19	-41.55% (-0.91)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 30, 2025	$24.52	$25.84	+5.38%
May 01, 2025	$23.49	$22.65	-3.58%
Feb 19, 2025	$38.19	$36.50	-4.43%
Oct 31, 2024	$41.08	$39.43	-4.02%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sm Energy Company (SM) report earnings?

Sm Energy Company (SM) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Sm Energy Company (SM) earnings time?

Sm Energy Company (SM) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SM EPS forecast?

SM EPS forecast for the fiscal quarter 2025 (Q3) is 1.31.

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